Common use of Acceptance of Direct Rollovers into this Custodial Account Clause in Contracts

Acceptance of Direct Rollovers into this Custodial Account. If the Employer’s 403(b) Plan permits, the Custodial Agreement will accept a Direct Rollover of an Eligible Rollover Distribution from: (Check each that applies or N/A.) N/A. The Custodial Agreement will not accept Direct Rollovers from any plan. a qualified plan described in Section 401(a) or 403(a) of the Code, excluding after-tax employee contributions. an annuity contract described in Section 403(b) of the Code, including after-tax employee contributions. an annuity contract described in Section 403(b) of the Code, excluding after-tax employee contributions. an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. After 12/31/06, a qualified plan described in Section 401(a) or 403(a) of the Code, including after-tax employee contributions.